
Pakistan - Frozen Scallops, Including Queen Scallop - Market Analysis, Forecast, Size, Trends and Insights
Pakistan: Market for Frozen Scallops, Including Queen Scallop 2023
Market Size for Frozen Scallops, Including Queen Scallop in Pakistan
In 2021, after nine years of growth, there was significant decline in the Pakistani market for frozen scallops, including queen scallop, when its value decreased by -16.6% to $X. Overall, consumption, however, enjoyed a significant expansion. Over the period under review, the market hit record highs at $X in 2020, and then declined markedly in the following year.
Production of Frozen Scallops, Including Queen Scallop in Pakistan
In value terms, frozen scallops, including queen scallop production shrank rapidly to $X in 2021 estimated in export price. In general, production, however, continues to indicate buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of 64%. As a result, production reached the peak level of $X, and then declined remarkably in the following year.
Exports of Frozen Scallops, Including Queen Scallop
Exports from Pakistan
In 2021, shipments abroad of frozen scallops, including queen scallop was finally on the rise to reach X tons for the first time since 2012, thus ending a eight-year declining trend. In general, exports, however, recorded a significant decline. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.
In value terms, frozen scallops, including queen scallop exports soared to $X in 2021. Over the period under review, exports, however, faced a sharp downturn. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.
Exports by Country
Bangladesh (X tons) was the main destination for frozen scallops, including queen scallop exports from Pakistan, with a approx. 100% share of total exports.
From 2012 to 2021, the average annual growth rate of volume to Bangladesh stood at +218.3%.
In value terms, Bangladesh ($X) also remains the key foreign market for frozen scallops, including queen scallop exports from Pakistan.
From 2012 to 2021, the average annual rate of growth in terms of value to Bangladesh amounted to +147.7%.
Export Prices by Country
The average export price for frozen scallops, including queen scallop stood at $X per ton in 2021, with a decrease of -22.2% against the previous year. Over the period under review, the export price, however, showed a remarkable increase. The pace of growth was the most pronounced in 2020 an increase of 119%. As a result, the export price reached the peak level of $X per ton, and then fell notably in the following year.
As there is only one major export destination, the average price level is determined by prices for Bangladesh.
From 2012 to 2021, the rate of growth in terms of prices for China amounted to +27.1% per year.
Imports of Frozen Scallops, Including Queen Scallop
Imports into Pakistan
For the third consecutive year, Pakistan recorded decline in overseas purchases of frozen scallops, including queen scallop, which decreased by 0% to X kg in 2021. Overall, imports saw a slight reduction. The growth pace was the most rapid in 2018 with an increase of 446%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.
In value terms, frozen scallops, including queen scallop imports amounted to $X in 2021. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 1,021%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.
Imports by Country
In 2021, the United Arab Emirates (X kg) was the main supplier of frozen scallops, including queen scallop to Pakistan, with a approx. 100% share of total imports.
From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates stood at +66.5%.
In value terms, the United Arab Emirates ($X) constituted the largest supplier of frozen scallops, including queen scallop to Pakistan.
From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates amounted to +130.5%.
Import Prices by Country
In 2021, the average import price for frozen scallops, including queen scallop amounted to $X per ton, almost unchanged from the previous year. Overall, the import price showed a significant increase. The growth pace was the most rapid in 2019 when the average import price increased by 175% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the near future.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to +38.9% per year.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for frozen scallops, including queen scallop in Pakistan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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